Allegro MicroSystems, Inc. (ALGM) Stock Price & Analysis
Allegro MicroSystems, Inc. (ALGM) closed at USD 31.69 on Thursday, October 22, 2026, down 8.17% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 34.51; the Oct 22, 2026 session ranged USD 31.24–33.58 on volume of 2,455,782 shares. Market capitalization is $5.91B, with a 52-week range of USD 22.41–71.77 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ALGM.md
Key facts (ALGM)
- Last four reported quarters (through Jun 26, 2026): revenue $946M, net income $14.2M (1.5% margin), free cash flow $87.8M (SEC filings).
- Valuation: P/E 416.0x (avg 34.4x at the last 1 fiscal year-ends), EV/EBITDA 59.8x, net debt $125M.
- 1 of 80 tracked superinvestors hold ALGM (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.85 on a 1–5 scale) (13 analysts), mean target USD 52.62 (range 40–62).
- Total return with dividends: 5Y -4.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.24, revenue estimate $271M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ALGM)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $769M | $974M | $1.05B | $725M | $890M | $946M |
| Gross profit | $407M | $546M | $575M | $322M | $412M | — |
| Operating income | $137M | $203M | $196M | -$19.8M | $18.5M | $46.7M |
| Net income | $119M | $187M | $153M | -$73.0M | -$14.9M | $14.2M |
| EPS (diluted) | $0.62 | $0.97 | $0.78 | -$0.39 | -$0.08 | — |
| Free cash flow | $86.2M | $113M | $56.9M | $22.0M | $125M | $87.8M |
| Gross margin | 53.0% | 56.1% | 54.8% | 44.3% | 46.3% | — |
| Operating margin | 17.8% | 20.9% | 18.7% | -2.7% | 2.1% | 4.9% |
| Net margin | 15.5% | 19.2% | 14.6% | -10.1% | -1.7% | 1.5% |
| Revenue growth | +30.0% | +26.7% | +7.8% | -30.9% | +22.8% | — |
| Cash + short-term investments | $282M | $352M | $212M | $121M | $169M | — |
| Total debt | $25.0M | $25.0M | $254M | $346M | $287M | — |
Fiscal years end Mar. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 26, 2026) (ALGM)
P/E 416.0x · P/S 6.2x · EV/EBITDA 59.8x · EV/Sales 6.4x · P/FCF 67.2x · P/B 6.1x · FCF yield 1.49% · Earnings yield 0.24% · Net debt $125M · EV $6.03B
P/E at fiscal year-ends: Mar 2024 34.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (ALGM)
1 of 80 tracked investors hold ALGM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $703K | Reduced -76.1% |
Analysts (ALGM)
Consensus Buy (mean 1.85 on a 1–5 scale), 13 analysts; mean target USD 52.62 (low 40, high 62).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Wells Fargo | Target lowered | Overweight | $56 → $45 |
| 2026-10-19 | TD Cowen | Target lowered | Buy | $48 → $40 |
| 2026-10-02 | RBC Capital | Initiated | Outperform | $50 |
| 2026-08-13 | Benchmark | Initiated | Buy | $60 |
| 2026-07-31 | Mizuho | Target lowered | Outperform | $67 → $58 |
| 2026-07-31 | Morgan Stanley | Target raised | Overweight | $51 → $52 |
| 2026-07-31 | TD Cowen | Target lowered | Buy | $66 → $48 |
| 2026-07-30 | Needham | Target raised | Buy | $55 → $57 |
| 2026-07-20 | Barclays | Downgrade | Overweight → Equal-Weight | $48 |
| 2026-07-13 | TD Cowen | Target lowered | Buy | $70 → $66 |
| 2026-06-29 | Mizuho | Target raised | Outperform | $54 → $67 |
Total return (dividends reinvested) (ALGM)
| 5Y (from 2021-10-18) | |
|---|---|
| Total return | -4.3% |
| S&P 500 (SPY) | +80.3% |
| Per year | -0.9% |
| Volatility (annualized) | 52.9% |
| Max drawdown | -64.5% (Jul 2023→Apr 2025) |
ALGM revenue by product line (quarter ended Jun 26, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Automotive End Market | $165.3M | 63.8% | +14.6% |
| Magnetic Sensors | $149.8M | 57.8% | +16.0% |
| Power Integrated Circuits | $109.5M | 42.2% | +47.4% |
| Industrial & Other End Market | $93.9M | 36.2% | +58.8% |
| Total revenue | $259.2M | 100% | — |
ALGM revenue by region (quarter ended Jun 26, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| China | $65.3M | 25.2% | +13.5% |
| Japan | $44.1M | 17.0% | +31.0% |
| Taiwan | $42.9M | 16.5% | +219.3% |
| Europe | $33.4M | 12.9% | +9.5% |
| United States | $25.2M | 9.7% | +6.2% |
| South Korea | $21.1M | 8.2% | +7.9% |
| Other Asia | $18.7M | 7.2% | +16.2% |
| Other Americas | $8.5M | 3.3% | -3.7% |
| Total revenue | $259.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ALGM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | United Microelectronics (UMC) | “We currently rely on a limited number of third-party wafer fabrication facilities for the fabrication of semiconductor wafers used in the manufacture of our IC products, primarily United Microelectronics Corporation ("UMC"), Polar, Tower Semiconductor Ltd. ("Tower") and Taiwan Semiconductor Manufacturing Company ("TSMC"), and we purchase a number of key manufacturing materials and components from single or limited…” |
| Supplier | TOWER SEMICONDUCTOR LTD (TSEM) | “We currently rely on a limited number of third-party wafer fabrication facilities for the fabrication of semiconductor wafers used in the manufacture of our IC products, primarily United Microelectronics Corporation ("UMC"), Polar, Tower Semiconductor Ltd. ("Tower") and Taiwan Semiconductor Manufacturing Company ("TSMC"), and we purchase a number of key manufacturing materials and components from single or limited…” |
| Supplier | TSMC (TSM) | “We currently rely on a limited number of third-party wafer fabrication facilities for the fabrication of semiconductor wafers used in the manufacture of our IC products, primarily United Microelectronics Corporation ("UMC"), Polar, Tower Semiconductor Ltd. ("Tower") and Taiwan Semiconductor Manufacturing Company ("TSMC"), and we purchase a number of key manufacturing materials and components from single or limited…” |
| Partner | Polar Semiconductor | “We also maintain manufacturing relationships with Polar Semiconductor, LLC ("Polar") in North America and various internal and external assembly and test partners across Asia to provide customers with flexibility in supply chain configurations.” |
| Partner | Sanken Electric | “On July 23, 2024, we entered into a share repurchase agreement with Sanken (the "Share Repurchase Agreement") pursuant to which we agreed to repurchase 38,767,315 shares of our common stock from Sanken in a privately negotiated transaction at a price per share equal to the price per share at which the underwriters in a public underwritten equity offering of shares of our common stock would purchase the shares (the…” |
| Partner | PS Investment Aggregator | “At the PSL Closing, we, Sanken and Subscriber entered into an amended and restated limited partnership agreement (the "Limited Partnership Agreement") with Polar Semiconductor GP I, LLC.” |
| Partner | Sanken and OEP SKNA | “In connection with the Share Repurchase Agreement, we entered into a Second Amended and Restated Stockholders Agreement with Sanken (the "Second Amended and Restated Stockholders Agreement"), which amended and restated the Amended and Restated Stockholders Agreement, dated as of June 16, 2022, by and among us, Sanken and OEP SKNA, L.P. ("OEP").” |
| Partner | Polar Semiconductor GP I | “At the PSL Closing, we, Sanken and Subscriber entered into an amended and restated limited partnership agreement (the "Limited Partnership Agreement") with Polar Semiconductor GP I, LLC.” |
Quoted from the company's 10-K filed May 21, 2026.
ALGM customer concentration
In the period ended Jun 26, 2026, a single direct customer accounted for 12.3% of revenue, per the company's 10-Q filed Jul 31, 2026. The company does not name it.
ALGM company outlook (results filed Jul 30, 2026)
- “For the second quarter of fiscal year 2027 ending September 25, 2026, the Company expects total net sales to be in the range of $265 million to $275 million.”
- “The Company also estimates the following results on a non-GAAP basis: • Gross Margin is expected to be between 50.75% and 51.75%, • Operating expenses are expected to be $84.5 million, plus or minus $1 million, and • Diluted Earnings per Share is expected to be between $0.23 and $0.26, with the mid-point of this range implying an 88% year-over-year increase.”
Analysts expect $270.8M for the current quarter, 0.3% above the midpoint of the company's guidance ($270.0M).
Quoted word-for-word from the SEC 8-K results press release.
ALGM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.24 | $0.25 | -1.2% | $270.8M | 13 |
| Next quarter (ends Dec 2026) | $0.26 | $0.26 | +2.0% | $276.7M | 13 |
| Current fiscal year (ends Mar 2027) | $1.03 | $1.03 | -0.1% | $1.10B | 13 |
| Next fiscal year (ends Mar 2028) | $1.50 | $1.49 | +0.4% | $1.29B | 13 |
Key Statistics (as of October 23, 2026 at 10:07 UTC)
| Price | USD 31.69 |
|---|---|
| Change | ▼ 8.17% (down) |
| Previous Close | USD 34.51 |
| Open | USD 33.42 |
| Day Range | USD 31.24 – 33.58 |
| 52-Week Range | USD 22.41 – 71.77 |
| Volume | 2,455,782 shares |
| Market Cap | $5.91B |
| Exchange | NMS |
Technical Analysis (ALGM)
Nexqual's technical model rates ALGM "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:07 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 37.07 (neutral) |
| vs SMA50 | Below (USD 36.11) |
| MACD | -1.12 (negative) |
Analyst Ratings (ALGM)
Wall Street analysts rate ALGM "Buy" based on 13 analysts, with a mean price target of USD 52.62 (range USD 40–62), per Nexqual as of October 23, 2026 at 10:07 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 52.62 |
| High Target | USD 62 |
| Low Target | USD 40 |
| Buy / Hold / Sell | 12 / 1 / 0 |
Earnings (ALGM)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.24 |
| Revenue Estimate | $270.81M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.23 vs est 0.21 ▲ beat |
| 2026-03-31 | USD 0.17 vs est 0.16 ▲ beat |
| 2025-12-31 | USD 0.15 vs est 0.14 ▲ beat |
| 2025-09-30 | USD 0.13 vs est 0.12 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financials & Fundamentals (ALGM)
| Total Revenue | $945.93M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +27.50% |
| Gross Margin | +47.38% |
| Operating Margin | +9.82% |
| Profit Margin | +1.50% |
| ROE | +1.53% |
| Debt / Equity | 0.31 |
| Current Ratio | 3.7 |
| Total Cash | $162.03M |
| Total Debt | $304.01M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $87.85M (9.3% of revenue) |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financial Health Score (ALGM)
Nexqual rates Allegro MicroSystems, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:07 UTC.
| Growth | Strong — Revenue +23% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 47%, operating 10% (last 12 months) |
| Balance Sheet | Strong — $162M cash and investments vs $287M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $88M (last 4 quarters to Jun 2026, SEC), 9% margin |
| Efficiency | Weak — ROE 2%, ROA 3.0% |
Ownership (ALGM)
| Insider Ownership | +32.54% |
|---|---|
| Institutional Ownership | +80.92% |
| Shares Outstanding | 186.40M |
| Float | 125.04M |
| Short % of Float | +11.57% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Leadership (ALGM)
Allegro MicroSystems, Inc. is led by Michael C. Doogue, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:07 UTC.
| President, CEO & Director | Michael C. Doogue |
|---|---|
| Executive VP, CFO & Treasurer | Derek P. D'Antilio |
| Senior Vice President of Worldwide Sales | Richard A. Madormo |
| Senior Vice President of Operations | Ian Kent |
| VP & CTO | Jamie Haas |
Major Backers & Investors (ALGM)
Notable institutional backers of Allegro MicroSystems, Inc. include FMR, LLC, Invesco, JPMorgan, according to Nexqual as of October 23, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 13.72% |
| Invesco | 7.34% |
| JPMorgan | 6.83% |
| Capital Group | 6.44% |
| Fidelity | 6.41% |
| SmallCap World Fund Inc | 2.95% |
| AIM Sector Funds (Invesco Sector Funds)-Invesco Small Cap Value Fund | 2.38% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.45% |
| Vanguard Group | 7.07% |
| State Street | 3.05% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
From Allegro MicroSystems, Inc.'s Latest SEC 10-K Filing (filed 2026-05-21)
Key Strengths & Strategy (as disclosed to the SEC)
- By leveraging our proprietary XtremeSense TMR technology, we provide industry-leading resolution and advanced safety diagnostics essential for mission-critical motor position sensing in autonomous and electrified platforms.
- Our solutions are engineered to significantly increase power density, thereby reducing overall system footprint, minimizing the use of raw materials, and lowering total system cost for our customers; and Drive high-performance motors using our advanced motor drivers, powered by proprietary algorithms that deliver industry-leading reliability and energy efficiency.
- In power ICs, we offer a comprehensive portfolio of high-performance solutions, including motor drivers, voltage regulators, isolated gate drivers ("IGD"), and power management ICs ("PMIC"s), built on our proprietary BCD process technology.
- Our power innovation strategy is increasingly focused on high-growth applications, where our integrated solutions improve power density and reliability in automotive, energy infrastructure, and industrial robotics.
Partnerships
- We also enable safer and more energy-efficient interior and exterior lighting systems through continued innovation in LED driver products developed in close collaboration with customers.
- By aligning our R&D investments with high-growth technology trends and subjecting programs to disciplined return on investment ("ROI") evaluation, we believe we can support sustained growth while maintaining attractive financial performance.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to comply with the large body of laws and regulations to which we are subject could adversely impact our business.
- Our use of AI subjects us to a legal framework that is rapidly evolving and our failure to monitor and comply with the laws and regulations to which we are or may become subject could have a material adverse effect on our business and operations.
- Our failure to comply with anti-corruption and anti-bribery laws could subject us to penalties and other adverse consequences.
- We could be subject to changes in tax rates or the adoption of new tax legislation, whether in or out of the United States, or could otherwise have exposure to additional tax liabilities, which could adversely affect our results of operations or financial condition.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MXL | MaxLinear, Inc | USD 65.28 | ▼ 13.87% |
| SLAB | Silicon Laboratories, Inc. | USD 221.12 | ▼ 0.27% |
| CRUS | Cirrus Logic, Inc. | USD 110.49 | ▼ 0.14% |
| SIMO | Silicon Motion Technology Corpo | USD 187.96 | ▼ 15.45% |
| PI | Impinj, Inc. | USD 162.7 | ▼ 9.01% |
| SYNA | Synaptics Incorporated | USD 117.04 | ▼ 0.39% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:07 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt